The Super Trend Signal MTF Histogram forex indicator works the same as the Super Trend Signal MTF forex indicator.
There’s only one difference: this version paints a buy/sell histogram in a separate MT4 trading window.
The Super Trend Signal Histogram indicator alternates its colored histogram bars between green and orange.
- A green histogram bar signals a buy trade opportunity
- An orange histogram bar signals a sell trade opportunity
Close the open buy/sell trade position when the histogram bar changes its color, either from green to orange or from orange to green.
You can select other histogram bar timeframes (MTF) directly from the indicator’s inputs tab.
Feel free to experiment with this option.
Free Download
Download the “supertrend_nrp_new_mtf_2_histo.ex4” MT4 indicator
Indicator Chart (NZD/USD H1)
The NZD/USD H1 chart below displays the Super Trend Signal MTF Histogram Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Super Trend Signal MTF Histogram MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when the Super Trend MTF Histogram bar changes its color from orange to green.
Place a stop loss below the most recent low price or use your own preferred method.
Sell Signal: Open a sell trade when the Super Trend MTF Histogram bar changes its color from green to red.
Place a stop loss above the most recent high price or use your own preferred method.
Super Trend Histogram Indicator + Scalping Arrow Forex Strategy for MT4
This scalping strategy for MT4 combines the Super Trend Signal MTF Histogram with the Best Forex Scalping Indicator (arrow version).
The histogram gives trend strength and direction (green bars for bullish trend, orange bars for bearish trend), while the scalping indicator provides precise entry arrows (blue for buy, red for sell).
Together, they form a fast, high-probability setup ideal for M1 and M5 charts.
This strategy is designed for scalpers who want clear, visual signals and are comfortable taking short-duration trades.
It works best on liquid pairs such as EURUSD, USDCHF, AUDUSD, and EURJPY.
Use it during active sessions like London and New York, where movements are stronger.
Buy Entry Rules
- On M1 or M5, wait until the Super Trend histogram prints green bars, showing a bullish trend.
- Wait for the scalping indicator to show a blue arrow.
- Enter a long position at the close of the candle where the blue arrow appears, only if the histogram is still green.
- Place a stop loss a few pips below the recent swing low or below the arrow candle.
- Take profit target: 5 to 10 pips on M1 and 10 to 20 pips on M5.
- You can trail the stop loss as long as the histogram stays green.
Sell Entry Rules
- Wait for the Super Trend histogram to show orange bars, indicating a bearish trend.
- Look for a red arrow from the scalping indicator.
- Enter a short position at the close of the arrow candle, only if the histogram remains orange.
- Place the stop loss above the recent swing high or above the arrow candle.
- Take profit target: 5 to 10 pips on M1 and 10 to 20 pips on M5.
- Trail the stop if the histogram continues showing bearish strength.
Advantages
- The histogram trend filter reduces low-quality, counter-trend trades.
- The arrow indicator provides clean and simple entry timing.
- Works well on both M1 and M5, depending on volatility and trader preference.
- Clear stop loss and take profit levels make the method easy to manage.
- Suitable for traders who prefer fast, frequent setups.
Drawbacks
- In low volatility conditions, the histogram may change color too often.
- Arrows can appear during choppy conditions, causing small losses.
- Spread and slippage matter more on M1 trades.
- Requires a disciplined approach because of the number of signals.
Case Study 1
On EURUSD M5 during the New York session, the Super Trend histogram turned green and stayed that way for several candles.
After a small pullback, the scalping indicator printed a blue arrow.
A long entry was taken with a stop loss below the signal candle.
Price climbed steadily and hit a 12 pip target within minutes.
The histogram remained green throughout the move, helping confirm trend strength and giving the trade extra confidence.
Case Study 2
On AUDUSD M1 during the London session, the histogram switched to orange, showing a bearish environment.
Shortly after, a red arrow appeared from the scalping indicator.
A short trade was executed at the candle close.
The stop was placed above the recent minor high.
The price dropped quickly, reaching an 8 pip target before slowing down.
The histogram stayed orange the entire time, making it easy to trail the stop while managing the fast movement.
Strategy Tips
- Focus on high-liquidity pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD for smoother scalping moves.
- Trade during the London and New York sessions when volatility and volume are highest.
- Use a consistent lot size to manage risk, especially on M1 charts where moves are quick.
- Monitor the histogram closely; avoid taking trades if the bars are flickering frequently.
- Consider using a small trailing stop once the trade moves in your favor to lock in profits.
- Keep sessions short and avoid overtrading to prevent emotional decision-making.
- Combine with other confirmations, such as support/resistance or pivot levels, for extra accuracy.
- Maintain a risk-reward ratio of at least 1:1.5 to ensure scalping profitability over time.
Download Now
Download the “supertrend_nrp_new_mtf_2_histo.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (period, multiplier, timeframe) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: histogram trend signals
